NorthStone Ins Co
Major Rating Factors:
Strong long-term capitalization index (8.9 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (9.2) that helps to protect the company against sharp claims increases. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall profitability index (6.9) with small operating losses during 2022. Good overall results on stability tests (6.5) despite.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Work comp (93.6%), personal/comm auto (2.6%), comm multi (2.0%), homeowners (0.9%), other (0.9%)
Licensed in:
AL, DC, DE, GA, IA, IL, IN, KS, KY, MA, MD, ME, MI, MN, MO, NC, NE, NH, NJ, OH, PA, RI, SC, TN, VA, VT, WI, WV
Principal Investments:
Investment grade bonds (92.9%), cash (4.8%), other (2.2%)
Corporate Info
Group Affiliation
Encova Mutual Ins Group Inc
Investment Rating
--
Company Address
400 Quarrier Street
Charleston, WV 25301
Charleston, WV 25301
Phone Number
(304) 941-1000
NAIC Number
13045
Website
Largest Affiliates